HB 759 — INSURANCE/PROPERTY: Provides relative to fortified roof endorsement offers

HLS 26RS-1197 ORIGINALENGROSSED Regular Session HOUSE BILL NO.

and to provideclarify forgeographic relatedarea matters.upgrade requirements;

to outline eligibility determinations and premium refunds;

to provide for the use of roof age andconditionasratingfactors;toprovideforapplicability;andtoprovideforrelated matters.

AnyAnyauthorizedinsurerwritinghomeowners'insurancepoliciesshalloffer authorized insurer writing homeowners' insurance policies, or producer thereof, shall offer an endorsement to upgrade an insured's nonfortified home residential structure to comply with the fortified roof standards of the Insurance Institute for Business and Home Safety, if the insured incurs damage covered by the policy that requires the roof to be replaced.

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Insurers required to make an endorsement offer pursuant to this Section shall file endorsement forms and accompanying rates with the department by October 1, 2023.

The requirements of this Section shall applyonlyto homeowners' Page 1 of 2 CODING:

HLS 26RS-1197 ORIGINALENGROSSED HB NO.

759 policiesC. covering residential structures that are eligible to be retrofitted to comply with the fortified roof standards of the Insurance Institute for Business and Home Safety.

IfInsurers aninsurersellsrequired anendorsementprovidedforinto thismake Sectionan andendorsement thereafteroffer discoversthattheinsuredstructureisnoteligibletoberetrofittedtothefortifiedroofpursuant standardsto ofthis theSection Insuranceshall Institutefile forendorsement Businessforms and Homeaccompanying Safety,rates thewith insurer shall refund to the insureddepartment anyby premiumsOctober collected1, under2023. the endorsement, less the costs of determining the structure was not eligible.

The requirements of this Section shall applyonlyto homeowners' policiescoveringresidentialstructureswitharoofthatwasinstalledwithintenyears of the date of offering the policy or renewal that are eligible to be retrofitted to comply with the fortified roof standards of the Insurance Institute for Business and Home Safety.

If an insurer sells an endorsement provided for in this Section and thereafter discovers that the insured structure is not eligible to be retrofitted to the fortified roof standards of the Insurance Institute for Business and Home Safety, the insurer shall refund to the insured any premiums collected under the endorsement, less the costs of determining the structure was not eligible.

AnThisSectionshallnotbeconstruedtoprohibitaninsurerfromvoluntarily insureroffering shallthe notendorsement failprovided tofor complyin this Section for a homeowners' policy covering a residential structure with a roof installed more than ten years after the provisionsdate of the policy being offered or renewed, and this Section basedshall onnot be construed to prohibit an insurer from using the age or condition of the roof ofas a rating factor in determining the residentialpremium structure;to be charged for the endorsement.

however, the insurer may include the roof's ageandcondition as a ratingfactorin determiningthe premium to be charged for the endorsement.

1:13(B) and 24:177(E)] HB 759 OriginalEngrossed 2026 Regular Session Firment Abstract:

ClarifiesOutlines the requirements for mandatory fortified roof endorsement offers inof homeowners'fortified insuranceroof policies.endorsements inhomeowners'insurancepolicies.

PresentSpecifiestheageeligibilitycriteriaforroofsthat lawqualifyforthesemandatoryofferswhileallowingforvoluntaryoffersonolderroofs. requires insurers writing homeowners’ insurance to offer an endorsement allowing an insured to upgrade a nonfortified residential structure to meet the fortified roof standards of the Insurance Institute for Business and Home Safety when covered damage requires roof replacement.

Present law requires insurers writing homeowners' insurance to offer an endorsement allowing an insured to upgrade a nonfortified residential structure to meet the fortified roof standards of the Insurance Institute for Business and Home Safety when covered damage requires roof replacement.

ProposedPage law2 retainsof present3 lawCODING: and clarifies that:

Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored are additions.

HLS 26RS-1197 ENGROSSED HB NO.

759 Proposed law retains present law and clarifies that:

(3) Aninsurershallnotfailtocomplywiththeendorsement-offerrequirementbasedonProposed law revises the ageapplicability ofprovision to specify that the roof,requirements butapply mayonly useto homeowners' policies covering residential structures with a roof agethat andwas conditioninstalled aswithin rating10 factorsyears inof determiningthe date of offering the endorsementpolicy premium.or renewal and that are eligible to be retrofitted to comply with fortified roof standards.

(4) Proposed law mandates that an insurer shall not fail to comply with the endorsement-offer requirement based on the age of the roof;

however, the insurer may use roof age and condition as rating factors in determining the endorsement premium.

Proposed law further clarifies that nothing in present law prohibits an insurerfromvoluntarilyofferingtheendorsementforahomeowners'policycovering a residential structure with a roof installed more than 10 years before the date of the policybeingofferedorrenewed,andthatnothingprohibitsaninsurerfromusingthe age or condition of the roof as a rating factor in determining the premium for the endorsement.

22:1483.2) PageSummary 2 of 2Amendments CODING:Adopted by House The Committee Amendments Proposed by House Committee on Insurance to the original bill:

1.

Clarify that the requirement for the fortified roof endorsement applies exclusively to authorized insurers issuing homeowners' policies, not to individual insurance producers or agents.

2.

Establish that the required endorsement is applicable exclusively to homeowners' insurance for residential properties with roofs installed within the last 10 years, if those roofs can be upgraded to meet the specified standards at the time of policy issuance or renewal.

3.

Specify that insurers may voluntarily offer the endorsement for homes with roofs older than 10 years, and it confirms that nothing in the bill prevents insurers from using the age or condition of the roof as a rating factor when determining the premium for that endorsement.

4.

Make technical changes.

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